Brief: Tlou Energy Launches A Partially Underwritten Non-Renounceable Entitlement Offer

TLOU Energy

12/05/2023 10:40

May 12 (Reuters) - Tlou Energy Ltd  TOU.AX :
    * LAUNCHES A PARTIALLY UNDERWRITTEN NON-RENOUNCEABLE
ENTITLEMENT
OFFER TO RAISE UP TO A$10.65 MILLION
    * ENTITLEMENT OFFER FOR 4 NEW ORDINARY SHARES OF NO PAR
VALUE FOR
EVERY 11 ORDINARY SHARES HELD
    * FUNDS RAISED AND EXISTING CAPITAL WILL GO TOWARDS
DEVELOPMENT OF
TLOU'S POWER PROJECTS
    * ENTITLEMENT OFFER AT AN ISSUE PRICE OF A$0.035 PER SHARE

Source text for Eikon:  ID:nASX2K7k6J 
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 ((Reuters.Briefs@thomsonreuters.com;))